When Applying for Credit, Lenders Will Consider Your

question 42

Multiple Choice

When applying for credit, lenders will consider your:

• A) Capacity
• B) Collateral
• C) Character
• D) All of the above
• E) None of the above

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Definitions:

Weekly Wage

The total of an individual's earnings before taxes and other deductions, received on a weekly basis for labor or services provided.

University

An institution of higher education and research, which awards academic degrees in various academic disciplines.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded over a period of time.

Profit-Maximizing Output

The level of production at which a company achieves the highest possible profit.